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Mortimer Street, Herne Bay, CT6

Guide Price
£500,000

£170.13 per sq ft

Business rates & charges may apply

Miles & Barr Commercial, Kent
SIZE AVAILABLE

2,939 sq ft

273 sq m

SECTOR

High street retail property for sale

Key features

  • 275 SqM

Description

Ground Floor Investment With First And Second Floor Potential!

Prime retail investment let to Scrivens until May 2034, producing £24,000 per annum. Plus with two vacant upper floors offering the potential for 3 self-contained flats (STP)

Guide Price of £500,000 exclusive, no VAT.

Miles and Barr Commercial are delighted to be assisting with the marketing of this magnificent building in the ever-popular Mortimer Street, Herne Bay.

Introducing an exceptional commercial property boasting vast development potential, an enviable location, and a rare opportunity for investors and entrepreneurs alike. Situated in a prime location, this retail space spans an impressive 275 square metres offering a multitude of possibilities for prospective buyers.

This property presents an exciting investment opportunity with the potential for further development on the upper floors. The ground floor is currently let, generating a healthy income of £24,000 per annum on a secure 10-year lease agreement. The current tenant provides a stable income stream for investors, while the prospect of developing the upper floors opens up endless possibilities for expansion and increased revenue.

The property's prime location adds to its allure, placed strategically in a bustling area with high foot traffic and excellent visibility. This sought-after location ensures maximum exposure for any business operating within the premises and offers great potential for attracting a diverse range of clientele.

The rare opportunity to secure a property of this calibre with such significant development potential is not to be overlooked. Whether you are an investor looking to expand your portfolio, a business owner seeking a new flagship location, or a developer with a vision for transformation, this property offers a canvas of possibilities waiting to be realised.

Don't miss out on the chance to capitalise on this exceptional property that combines a lucrative investment opportunity with a prime location and the potential for significant growth. With its current rental income, development prospects, and strategic positioning, this property is a rare gem in the competitive commercial real estate market. Seize this opportunity to make your mark with this outstanding property and unlock its full potential.

Identification checks

Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

GF Shop

125.7 Sqm

FF Room One

48.46 Sqm

FF Room Two

11.7 Sqm

FF Toilets (M)

8.6 Sqm

FF Toilets (F)

12.35 Sqm

FF Kitchen

24.4 Sqm

SF Landing

2.24 Sqm

SF Room One

10 Sqm

SF Room Two

10.46 Sqm

SF Room Three

3.55 Sqm

SF Room Four

7.78 Sqm

Mortimer Street, Herne Bay, CT6

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Herne Bay Station0.7 miles
  • Chestfield & Swalecliffe Station2.9 miles
  • Whitstable Station4.3 miles

About Miles & Barr Commercial, Kent

1 The Links, Herne Bay, Kent, CT6 7GQ

- Commercial Property Sales and Leasing

- Property and Portfolio Management

- Land Acquisitions

- Finance on all property types along with land and development

- Off plan new homes with bespoke marketing packages

Notes

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Disclaimer - Property reference MSL240030. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miles & Barr Commercial, Kent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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